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Gambling as Strategies for Economic Development: The Case of Macau and Singapore

Explore the impact of casinos in Macau and Singapore on revenue, social issues, and online gaming. Learn about licensing, government benefits, and regulations in these Asian destinations.

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Gambling as Strategies for Economic Development: The Case of Macau and Singapore

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  1. Gambling as Strategies for Economic Development: The Case of Macau and Singapore Dr William Vlcek Lecturer in International Relations School of International Relations University of St Andrews, Scotland

  2. Overview • Macau casinos • Background and context • Revenue and visitors • Singapore casinos • Gambling revenue • Addressing the social ill • Internet gambling/Online gaming

  3. Geographical context

  4. Liberalising the casino license • In 1961, a monopoly license to operate casinos • Sociedade de Turismo e Diversões de Macao (STDM), majority owner Stanley Ho • Return of Macau to Chinese governance, 1999 • Three casino licenses granted in 2002 • Galaxy Casino SA – Galaxy Casino and Venetian Macao • Wynn Resorts (Macao), sub-conscession to Melco PBL Jogos (Macau) • Sociedade de Jogos de Macau SA (SJM), sub-conscession to MGM Grand Paradise SA

  5. The Venetian, Macau

  6. Casino revenue growth Source: DSEC - Statistics and Census Service, Macao SAR Government (June 2012)

  7. Who gambles in Macau? Source: DSEC - Statistics and Census Service, Macao SAR Government (June 2012)

  8. Government benefit Source: DSEC - Statistics and Census Service, Macao SAR Government (June 2012)

  9. Singapore– a competing Asian casino destination • Two ‘integrated resorts’ with a casino • Resorts World Sentosa (opened February 2010) • Marina Bay Sands (opened April 2010)

  10. Marina Bay Sands, Singapore from Merlion Park

  11. Singapore – gambling revenue • Total gross gaming revenue for 2011 was ‘almost US$6 billion’. • For 2011 Singapore collected ‘betting taxes’ of US$1.84 billion

  12. Addressing the social ill • Citizens and permanent residents pay an entrance fee (S$100 per visit or S$2,000 for an annual pass) • ‘Around’ 200,000 residents visited a casino in 2011 • Government maintains a list of ‘excluded persons’ the casinos must prevent from entering the gaming rooms

  13. Internet – the classic view New Yorker cartoon by Peter Steiner, published 1993.

  14. Internet gambling, ‘offshore’ • Antigua-Barbuda, Costa Rica, Gibraltar, Isle of Man • WTO Dispute Case DS285: United States — Measures Affecting the Cross-Border Supply of Gambling and Betting Services

  15. Online gaming is dangerous • Corrupting influence on children • Money laundering • Terrorist finance

  16. Leicester Square, London

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